https://www.taxtmi.com/article/detailed?id=11562 Interest on differential excise duty does not arise where payment of differential duty is rendered a revenue-neutral transaction because the amount becomes available as CENVAT credit to a sister concern. Under Rule 8 of the Central Excise Valuation Rules, transfers of goods to related units used as inputs may result in valuation that negates an actual duty liability, and when the receiving unit can claim modvat/CENVAT credit the fiscal effect is neutralized and interest cannot be imposed on the transferor. en-us Mon, 03 Jul 2023 09:55:50 +0530 Mon, 03 Jul 2023 09:55:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11562 Interest on differential excise duty does not arise where payment of differential duty is rendered a revenue-neutral transaction because the amount becomes available as CENVAT credit to a sister concern. Under Rule 8 of the Central Excise Valuation Rules, transfers of goods to related units used as inputs may result in valuation that negates an actual duty liability, and when the receiving unit can claim modvat/CENVAT credit the fiscal effect is neutralized and interest cannot be imposed on the transferor. Articles Central Excise Mon, 03 Jul 2023 09:55:50 +0530 https://www.taxtmi.com/article/detailed?id=11562